Final answer:
The economic objectives that influence the development of the Travel & Tourism industry include economic growth, employment generation, and sustainable development.
Step-by-step explanation:
The development of the Travel & Tourism industry is influenced by various economic objectives. These objectives can include:
- Economic Growth: Countries aim to promote tourism as it can contribute to the growth of their economy. Tourism generates revenue through expenditures made by tourists, such as accommodation, transportation, and souvenirs. For example, Australia has successfully marketed itself as an attractive tourist destination, contributing to its economic income.
- Employment Generation: The Travel & Tourism industry provides job opportunities, particularly in areas where other industries may not be feasible. Tourism can create employment in hotels, restaurants, transportation services, and tour agencies. Local communities in tourist destinations can benefit from job opportunities created by the industry.
- Sustainable Development: With the concept of ecotourism and geotourism gaining importance, countries focus on ensuring tourism is sustainable and does not harm the environment. This involves promoting responsible travel practices, preserving natural resources, and protecting fragile ecosystems. For example, the Galapagos Islands implement measures for sustainable tourism to protect their unique biodiversity.